05:50 AM
 | 

HYDROCARBONS

Pdvsa suspends export of diluted crude oil in October

Most of the diluted crude oil of Pdvsa is absorbed by Citgo (File photo)
It is not clear yet whether the suspension of DCO exports will result in a cut of naphtha purchase in open market operations. The decision has been taken as the state-owned oil company seeks to cut costs and partially solve some troubles with the cash flow
12:00 AM
 | 

DOSSIER

Sambil mall expropriated owners still hopeful

Protests around the mall demanding increased security are frequent (...)
Investors' hopes that their rights would be restored rekindled in the wake of the announcement by minister Ernesto Villegas that refugees living in Sambil La Candelaria shopping mall would be resettled
12:00 AM
 | 

EXCHANGE CONTROL

Liquidity and lack of dollars trigger the parallel exchange market

Allocation of currency by Cencoex and Sicad I totaled USD 13.2 (...)
The Central Bank's funding of Pdvsa deepens distortion surrounding currency exchange policies
12:00 AM
 | 

HYDROCARBONS

Tumbling oil prices deepen economic turbulence in Venezuela

Venezuelan crude oil prices recorded a USD 9.75-decline (File photo)
Venezuelan bonds continue to fall, while country risk climbs
12:00 AM
 | 

GOVERNMENT

Venezuela has spent USD 250 million to lobby in the United States

President Chávez together with Pdvsa President during a meeting of (...)
Under the 14-year government of late Venezuelan President Hugo Chávez, discussions of law related to hydrocarbons and allied countries (Iran, Syria, North Korea) were financed, funds for local, state and national electoral campaigns were granted and lobby for his government was contracted. This has cost the nation USD 20,722,646
12:00 AM
 | 

INTERVIEW

 | 

Pedro Pablo Fernández

"I'm worried at seeing the opposition blending in Chávezism"

"The point is not looking for a Messiah, but striking a message able (...)
"The country is adrift and this happens because political confrontation is not making room to discuss actual problems and find a solution to them"